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    • Home
    • Landlords
      • FREE Rent Appraisal
      • Property Management
      • Lease Drafting - Ontario
      • Landlord Insurance
      • Property Advertising
    • Renters
      • Our Rental Listings
      • Rental Application Form
      • Tenant Insurance
      • Tenant Relocation Service
    • Why List Property Here?
    • Contact Us
      • About Us
      • Contact Us
Ottawa Rental Leasing

Top-rated property management

  • Home
  • Landlords
    • FREE Rent Appraisal
    • Property Management
    • Lease Drafting - Ontario
    • Landlord Insurance
    • Property Advertising
  • Renters
    • Our Rental Listings
    • Rental Application Form
    • Tenant Insurance
    • Tenant Relocation Service
  • Why List Property Here?
  • Contact Us
    • About Us
    • Contact Us

Landlord Insurance for Property Owners

WHAT IS LANDLORD INSURANCE? 

Landlord insurance or rented dwelling insurance as it is also known, will cover the cost to repair or rebuild your rental property if it is damaged by fire, water, or another insured loss. Landlord insurance can also provide you with rental income if your tenants cannot live in your damaged rental property during repairs. Your bank or mortgage company may also require you to have landlord insurance for your rental property.


DO YOU NEED HOME INSURANCE OR LANDLORD INSURANCE?

If you own a residential rental property, it is important to purchase landlord insurance - home insurance is only if you are living in the home. Landlord insurance can provide peace of mind. You can get landlord insurance for as little as $40 per month.  

 

Landlord insurance policy for property owners from Ottawa Rental Leasing

4 Reasons Why Landlords Should Buy Landlord Insurance:

1. Building/Structure Protection

A landlord insurance policy can protect the residential building, structure, and space in the event of physical damage by a covered cause such as fire, flooding, vandalism and burglary.


2. Liability Protection

If your tenant or their guests are injured on your property, and take legal action against you, a landlord insurance policy can help. Landlord insurance may cover settlements relating to injuries and third-party property damage.


3. Replacement Cost for Contents

If a landlord's property inside the rental unit is damaged or destroyed, a landlord insurance policy can provide full coverage for your property’s contents which belong to you. These contents can be anything such as appliances, furniture, lawn mower and other property.


4. Rental Income Protection

If your rental property becomes uninhabitable due to damage or due to another covered loss, a landlord insurance policy can cover the lost income. If a fire damages the rental property, and the tenant must vacate the unit for repairs, landlord insurance can cover you for lost rental income.

We recommend a landlord insurance policy offered by Square One Insurance:

Square One Free Insurance Quote - Ottawa Rental Leasing

In less than 5 minutes can get an online landlord insurance quote from Square One Insurance - insurance for as little as $40/month!

FREE Online Landlord Insurance Quote

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